Definition of retrocede in English:

verb

It's possible that Congress could retrocede all or most of the District to Maryland, just as it retroceded the Virginia part of the District (which originally included a chunk of Virginia) in the 1840s to Virginia.

The French emperor retroceded Venetia to Italy, fulfilling the promise he had made in 1859 to ‘unify Italy from the Alps to the Adriatic’.

There is even a precedent: The Virginia portion of D.C. was retroceded in 1846, no muss, no fuss, and became Arlington County.

Origin

Derivatives

retrocession

If, as the Appellants contend, the fronting company alone is the reinsured, it follows that the reinsured's retention for net account will be reduced by the quota share retrocessions within the pool.

In terms of the convenience of the parties and witnesses, the placing brokers have gone into liquidation and the person who had primary responsibility for broking the retrocession is believed to be in New Zealand.

Madison's lengthy March 2, 1803, instructions to Livingston and Monroe - the clearest statement of the administration's hopes and fears - never appears in the chapters on the retrocession and the purchase.